Top ministers count cost of 'less secure world'

Published: 20 Aug 2014 15:23 GMT+02:00

Foreign and Finance Ministers Carl Bildt and Anders Borg held a press conference on Wednesday to discuss how Sweden was being affected by a "less secure" world, and how it would foot the bill for a growing influx of refugees.

Bildt defended on Wednesday Sweden's refugee intake, telling reporters that the refugees from the Yugoslav War in the nineties worked out well for Sweden in the long run.

Finance Minister Anders Borg also took the chance to address Sweden's refugee intake and the "challenge of dealing with the costs responsibly".

The finance minister said the cost would increase by 500 million kronor this year ($72 million), 1.7 billion in 2015, around 6 billion in 2016 and roughly 12 billion kronor over the following two years, reported the Dagens Nyheter newspaper.

Borg also promised that despite the increased costs, there wouldn't be any tax hikes or spending cuts in 2014 or 2015.

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